Post
Topic
Board Bitcoin Discussion
Re: [VIDEO]The Nasty Secret of Bitcoin Exposed
by
DannyHamilton
on 22/01/2020, 13:21:22 UTC
this is exactly how all ponzi-like schemes operate. Bitcoins is simply a classical ponzi-like scheme

You keep using this word.  This word does not mean what you seem to think it means.

A Ponzi can not operate if nobody new is recruited.  Its very existence depends on a continuous flow of new participants.

Bitcoin does not need any new participants at all.  The existing participants can pay each other with bitcoin and it will operate just fine.